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- Title
Sharing Competition: An Agent-Based Model for the Short-Term Accommodations Market.
- Authors
Bruno, Bruna; Faggini, Marisa
- Abstract
This paper presents an agent-based model for the sharing economy, in the short-term accommodations market, where peers participating as suppliers and customers follow simple decision rules about sharing market participation, according to their heterogeneous characteristics. Simulations results show that, in the competition between the sharing economy and the traditional industry, low substitutability occurs between goods if consumers are differentiated in preferences. The main determinant for market performance in both sectors is the demand level, with minor influence of price setting and competition within and between markets.
- Subjects
SHARING economy; MARKET share; MARKETS
- Publication
B.E. Journal of Economic Analysis & Policy, 2020, Vol 20, Issue 2, p1
- ISSN
2194-6108
- Publication type
Article
- DOI
10.1515/bejeap-2019-0231